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Multifamily

MLK 7

7231 NE Martin Luther King Jr Blvd, Portland, OR 97211

Listing Price: $1,125,000

Cap Rate
5.56%
Number of Units
7
GRM
10.78
Price/Unit
$160,714
Price/Gross SF
$258.62
Gross SF
4,350

Investment Overview

The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of MLK 7 Apartments, a favorably located asset in northeast Portland. The property is comprised of seven units total, six one-bedroom units and one two-bedroom unit, all of which feature newer vinyl windows, private elevated entryways and a shared community courtyard.

Located in the Piedmont neighborhood of Portland, residents enjoy fantastic local amenities including expansive dining options, farmer’s markets, local bars and entertainment that creates a well-rounded living experience.

MLK 7 Apartments offer residents plenty of amenities nearby, and resides less than 15 minutes from the Portland International Airport, offering employment opportunities and a vibrant and bustling city scene.

Investment Highlights

  • Historically Low Vacancy Rate
  • Bike Score 96 "Bikers Paradise" Per Walkscore.com
  • Located Adjacent to Trendy Food Cart Pod
  • Multiple Income Sources on Investment
  • Pro Forma Rents Achievable Within Two Years of Ownership
  • Centrally located Within Portland, Allowing Well-Rounded Livability With Local Parks, Schools, Shopping, Dining and Entertainment

Exclusively Listed By

Financing By

Listing Price: $1,125,000

Cap Rate
5.56%
Number of Units
7
GRM
10.78
Price/Unit
$160,714
Price/Gross SF
$258.62
Gross SF
4,350

Investment Highlights

  • Historically Low Vacancy Rate
  • Bike Score 96 "Bikers Paradise" Per Walkscore.com
  • Located Adjacent to Trendy Food Cart Pod
  • Multiple Income Sources on Investment
  • Pro Forma Rents Achievable Within Two Years of Ownership
  • Centrally located Within Portland, Allowing Well-Rounded Livability With Local Parks, Schools, Shopping, Dining and Entertainment

Investment Overview

The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of MLK 7 Apartments, a favorably located asset in northeast Portland. The property is comprised of seven units total, six one-bedroom units and one two-bedroom unit, all of which feature newer vinyl windows, private elevated entryways and a shared community courtyard. Located in the Piedmont neighborhood of Portland, residents enjoy fantastic local amenities including expansive dining options, farmer’s markets, local bars and entertainment that creates a well-rounded living experience. MLK 7 Apartments offer residents plenty of amenities nearby, and resides less than 15 minutes from the Portland International Airport, offering employment opportunities and a vibrant and bustling city scene.

Exclusively Listed By

Financing By

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